Crypto traders can now bet on house market prices after Polymarket and property data provider Parcl announced a partnership to build a new suite of house price prediction markets.
The partnership will be driven by Parcl’s daily house price index, according to a press release. Under the deal, Parcl will provide independent daily housing indices that act as settlement benchmarks, while Polymarket will list and operate the markets.
The first templates will focus on major US metropolitan areas, allowing traders to bet on outcomes such as whether a given city’s index rises or falls over a defined period. Each market will settle against Parcl’s publicly verifiable index values, giving participants a clear signal of resolution.
“Real estate should be a prime category in prediction markets,” Polymarket’s Matthew Modabber said in the announcement, highlighting the importance of clear, verifiable data for transparent settlement. Parcl CEO Trevor Bacon framed the partnership as part of a “paradigm shift” in how markets express views and signal truth.
The move marks a broader evolution for the prediction markets, which have grown beyond election and macro betting into areas such as sports, pop culture and now real estate.
This is not the first time betting platforms have added property forecasts: in 2008, UK betting exchange Betfair ran markets linked to a housing crash, and during the 2020 pandemic, its Australian arm did the same as house prices fluctuated amid foreclosures.
